Howland Capital Management LLC Has $15.51 Million Stock Holdings in Automatic Data Processing (NASDAQ:ADP)

Howland Capital Management LLC lifted its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 0.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,830 shares of the business services provider’s stock after purchasing an additional 521 shares during the period. Howland Capital Management LLC’s holdings in Automatic Data Processing were worth $15,513,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Comerica Securities Inc. grew its stake in shares of Automatic Data Processing by 411.2% during the fourth quarter. Comerica Securities Inc. now owns 42,538 shares of the business services provider’s stock worth $5,611,000 after buying an additional 34,216 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Automatic Data Processing by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,299,268 shares of the business services provider’s stock valued at $170,354,000 after acquiring an additional 49,730 shares during the last quarter. Geode Capital Management LLC boosted its position in Automatic Data Processing by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 6,258,804 shares of the business services provider’s stock valued at $819,520,000 after acquiring an additional 496,843 shares during the last quarter. M Holdings Securities Inc. boosted its position in Automatic Data Processing by 9.9% during the fourth quarter. M Holdings Securities Inc. now owns 3,277 shares of the business services provider’s stock valued at $430,000 after acquiring an additional 294 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in Automatic Data Processing during the fourth quarter valued at $92,000. 79.71% of the stock is currently owned by institutional investors.

In related news, VP Dermot J. O’brien sold 1,771 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $162.04, for a total value of $286,972.84. Following the sale, the vice president now directly owns 14,896 shares in the company, valued at approximately $2,413,747.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

A number of brokerages have commented on ADP. Barclays upped their price target on shares of WEX from $222.00 to $238.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Citigroup lowered shares of BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Sanford C. Bernstein lowered shares of Encana from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Finally, BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Automatic Data Processing has a consensus rating of “Buy” and an average price target of $167.00.

Shares of Automatic Data Processing stock traded up $0.27 on Thursday, hitting $167.48. 62,601 shares of the company traded hands, compared to its average volume of 2,359,798. The company’s 50-day simple moving average is $165.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $72.67 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.14 and a beta of 0.90. Automatic Data Processing has a 12-month low of $121.40 and a 12-month high of $170.45.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.08. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.91 billion. Automatic Data Processing had a net margin of 13.76% and a return on equity of 50.53%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. Research analysts forecast that Automatic Data Processing will post 5.44 EPS for the current year.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

Featured Article: Strangles

Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.